Four-Unit Multifamily
For Sale
$820,000
Pending
101-4693 W Clinton Ave, Fresno, CA 93704
Multifamily property with varied unit layouts, private outdoor areas, attached garages, and in-unit laundry.
Property Size4,588 SF
Days on Market19
Property Features for 101-4693 W Clinton Ave
General Information
Standard status
Pending
Size
4,588 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
laundry
gas fireplace
private backyard
Listing Agency:
Hoekstra & Associates Inc
(805) 839-8292
Listed By:
Jaime A. Martinez · License #01971583
(310) 849-1528
Source:
Exprealty
Added: Aug 17
Changed: Sep 3
Last Checked: Sep 3 at 2:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hoekstra & Associates Inc
Investment Insights
Based on property information with market context.
This 4,588-square-foot quadplex contains four residential units with a balanced mix of floor plans: two three-bedroom, two-bath units and two two-bedroom, two-bath units. Each residence includes laundry, a gas fireplace, an attached garage, and a private backyard, providing a consistent set of features across the property.
The property is positioned near Highway 99, local shopping, and Fresno Yosemite International Airport. Its four-unit configuration and range of bedroom counts support a diversified residential rental layout within a multifamily asset.
The property is positioned near Highway 99, local shopping, and Fresno Yosemite International Airport. Its four-unit configuration and range of bedroom counts support a diversified residential rental layout within a multifamily asset.
Key Highlights
- Four‑unit multifamily property totaling 4,588 square feet
- Unit mix includes (2) three bed / two bath and (2) two bed / two bath residences
- Every unit includes laundry, a gas fireplace, and an attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,092
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,201,840
$1.2M
Cap Rate 7%
$858,457
$858.5K
Cap Rate 9%
$667,689
$667.7K
Market Conditions
NOI Build-Up for 4,588 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$90.8K $19.80/SF
− Vacancy
−$5.0K −$1.09/SF
EGI
$85.8K $18.71/SF
− OpEx
−$25.8K −$5.61/SF
NOI
$60.1K $13.10/SF
Area
Fresno, CA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,201,840
Cap Rate 7%
$858,457
Cap Rate 9%
$667,689
Alternative Uses
Best Use
Multifamily LT 5
$858.5K
$751.2K – $1.00M
NOI $60,092 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$752.0K
$658.0K – $877.4K
NOI $52,643 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,641 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 93704, CA
28,573
Population
12,165
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
5,291
Density / Sq Mi
$69,659
Median Household Income
$45,965
Median Earnings
$1,392
Median Rent
$366,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property with varied unit layouts, private outdoor areas, attached garages, and in-unit laundry.
Where is this quadplex located?
The property is located at 101-4693 W Clinton Ave Fresno, CA.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: Four‑unit multifamily property totaling 4,588 square feet; Unit mix includes (2) three bed / two bath and (2) two bed / two bath residences; Every unit includes laundry, a gas fireplace, and an attached garage
